Yuan Short Sellers Squeezed by Soaring Hong Kong Funding Costs [Yahoo! Finance]
OVERSEAS CHINSE UNSP/ADR (OVCHY)
NASDAQ:AMEX Investor Relations:
coli.com.hk/en/ir
Company Research
Source: Yahoo! Finance
Most Read from Bloomberg NYC's Subway Violence Deters Drive to Bring Workers Back to Office Can American Drivers Learn to Love Roundabouts? Don't Shrink the Bus Is This Weird Dome the Future of Watching Sports? NYC Congestion Pricing Takes Effect After Years of Delays The offshore yuan's overnight interbank interest rate in Hong Kong rose to 8.1% on Tuesday, the highest since June 2021. The 1-month rate also climbed to highest since April. Tighter cash conditions make it more expensive for traders to short the currency, effectively damping bearish bets. “The People's Bank of China may keep the overnight Hibor at over 4% for a longer time,” said Zhaopeng Xing, a strategist at Australia & New Zealand Banking Group. The central bank may want to prevent the yuan's slide toward 7.40 per dollar in the near term, he said. The PBOC has been using its daily reference rate, which limits moves in the onshore yuan to 2% on either side, to stem currency losses. However, expectatio
Show less
Read more
Impact Snapshot
Event Time:
OVCHY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
OVCHY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
OVCHY alerts
High impacting OVERSEAS CHINSE UNSP/ADR news events
Weekly update
A roundup of the hottest topics
OVCHY
News
- Ayub: Risk Assets Supported by Fed Easing Cycle [Yahoo! Finance]Yahoo! Finance
- Lion Global Investors Unveils First Insured Physical Gold Fund Vaulted in Singapore, Strengthening the Nation's Role as a Leading Gold HubPR Newswire
- Dollar perky, yen looks peaky as U.S. rate cut bets fade [CNBC]CNBC
- Yen slumps, dollar jumps as rate cut bets recede [CNBC]CNBC
- Oversea-Chinese Banking (OTCMKTS:OVCHY) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat